At the outset, I wish to advise the Deputy that NAMA does not own property. Instead NAMA acquired loans and its role is as a secured lender. NAMA-secured property continues to be owned and managed by the property owner, or receiver where one has been appointed. Where NAMA-secured lands have been targeted for the delivery of residential housing, the Deputy will be aware that NAMA's role is not as a developer. Instead, where commercially viable, it funds residential delivery on sites controlled by its debtors and receivers.
In relation to the particular site referenced by the Deputy, I wish to advise her that the lands in question are under the control of a receiver, who has responsibility for the management of the property. I am also advised that these lands form part of a parcel of NAMA-secured lands currently under licence agreement for residential development as part of NAMA's residential delivery programme. I understand in accordance with the planning permission that approximately 150 homes will be delivered on these lands as well as a special needs facility and a retail outlet.
The Deputy will be aware that NAMA stated in late 2015 that it would aim to fund and facilitate the delivery of up to 20,000 homes by end-2020, assuming that projects were commercially viable. In total, since 2014, NAMA has directly funded the delivery of almost 7,200 homes, with a further 2,728 homes currently under construction, while planning permission has been secured for a further 8,150 units. I would also advise the Deputy that sites controlled by NAMA debtors and receivers are subject to the same Part V planning conditions as other residential developments.